Glossary
A collection of terms often used in articles focusing on company formation and business incorporation.
Corporate Directors » Generally, a corporation is considered a legal "person", capable of making contracts, paying taxes, able to sue/be sued and otherwise enjoying the legal rights ...
What does limited liability mean? » A type of liability that does not exceed the initial amount a person invested into a partnership.Limited liability refers to the terms of limited partnerships ...
What is a Business Plan? » Many business owners skip a very important step to ensure the success of their companies: writing a business plan, often because it's a lot of work, however, it's so ...
What is a corporation? » A corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; t ...
What is an GmbH? » The origins of limited liability companies (LLCs) are in Germany. Known in German as Gesellschaft mit beschränkter Haftung (short: GmbH or GesmbH), it is a type of lega ...
What is a Limited Liability Company (LLC)? » A Limited liability company (denoted by L.L.C. or LLC) is a type of legal entity which has only relatively recently been made possible to establish ...
What is an Aktiengesellschaft? » Beside GmbH, the Geman speaking countries also reglementate the Aktiengesellschaft companies. The German term Aktiengesellschaft (short: AG) means a corporati ...
What is CBCA? » CBCA stands for Canada Business Corporations Act. CBCA is a legislative document that became law in 1975; its purpose is to regulate corporative issues, such as formation, rig ...
What is the BCA? » BCA stands for Business Corporation Act. It refers to a group of laws governing corporations, specific to each state. The Business Corporation Act defines the basic but fund ...
What is the blue sky law? » The law governing the procedures of shares issuing, offering, selling is known as Securities Act and nicknamed "Blue Sky Law". Its goal is to protect pote ...